City Developments Limited (OTCMKTS:CDEVY – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.71 and traded as high as $3.90. City Developments shares last traded at $3.76, with a volume of 13,004 shares trading hands.
City Developments Stock Down 4.8%
The company has a 50 day moving average of $3.71 and a two-hundred day moving average of $3.78.
City Developments Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 6th will be paid a $0.0477 dividend. This represents a dividend yield of 1.25%. The ex-dividend date is Monday, May 5th. This is a positive change from City Developments’s previous dividend of $0.01.
About City Developments
City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.
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